- January 4, 2022
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Main Benefits of Company Registration in Bulgaria
The Advantages of Company Registration in Bulgaria
Bulgaria is one of the business locations showing noticeable progress across many industries — information technology, support services, electronics, automotive part manufacturing, electrical and mechanical engineering, tourism, and the chemical industry all mark improvement here.
Low costs, skilled talent, and strategic location
Bulgaria has one of the lowest corporate income taxes in Europe, alongside low personal income tax and labor compensation compared to France, Germany, and other EU countries.
Beyond low labor costs, Bulgaria offers very qualified specialists who speak and use several languages.
A strategic center for doing business in Europe, bordering Romania, Serbia, North Macedonia, Greece, and Turkey, with access to the Black Sea.
With around 7 million people and business activity concentrated in Sofia, the capital and biggest city, Bulgaria is also a member of the EU, NATO, and the Council of Europe.
A lower minimum wage than other EU countries and low social insurance costs, paired with a well-qualified and trained labor force.
A registered but inactive firm has no ongoing obligations beyond filing an annual tax return — a simple process handled via accounting or directly by the managing director.
It’s not obligatory for the business owner to be present in Bulgaria when registering the firm — using a power of attorney is a remarkable convenience in company formation here.
Bulgaria has signed agreements to prevent double taxation with countries like the United Kingdom, Turkey, and Russia — a firm with offices in both places pays taxes only where the income is generated.
Registering Remotely, Without the Guesswork
If you do not speak Bulgarian or are not aware of the local laws, company formation may appear a difficult task. Horizons Bulgaria offers business services with deep background in company registration in Bulgaria — remotely, without clients ever having to visit the country.
If you plan to open a company in Bulgaria, we can offer various incorporation services fitting your business needs, and ongoing administration once your company is set up, ensuring you strictly follow all bureaucratic obligations.
By registering a company in Bulgaria, business owners and investors can take advantage of these benefits and get ahead of competitors. Horizons Bulgaria can support you at every step of the way.
Ready to set up your business in Bulgaria?
Get in touch with Horizons Bulgaria and let our team guide you through every step of company formation.